Iran Foreign Minsiter speaks with Turkish, Egypt, Pakistani counterparts; vows Iran will spare no effort to defend sovereignty, Mehr news reports

The statement from Iran's Foreign Minister signals a firm commitment to defending national sovereignty amidst ongoing tensions in the region. This could heighten geopolitical risks, particularly affecting energy prices and regional currencies, as any escalations might disrupt supply chains or affect investor sentiment towards safe-haven assets like gold. Traders should monitor these developments closely, as they may influence market dynamics across commodities and foreign exchange today.